Amt

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Alternative Minimum Tax (AMT)

A federal tax aimed at ensuring that wealthy individuals, estates, trusts, and corporations pay a minimal level income tax. For individuals, the AMT is calculated by adding adjusted gross income to tax preference items.

Amt

In Denmark and Germany, a political subdivision equivalent to a county.

AMT

Alternative minimum tax (AMT).

The alternative minimum tax (AMT) was designed to ensure that all taxpayers pay at least the minimum federal income tax for their income level, no matter how many deductions or credits they claim.

The AMT is actually an extra tax, calculated separately and added to the amount the taxpayer owes in regular income tax. Some items that are usually tax exempt become taxable and special tax rates apply. For example, income on certain tax-free bonds is taxable.

Increasing numbers of taxpayers trigger the AMT if they deduct high state and local taxes or mortgage interest expenses, exercise a large number of stock options, or have significant tax-exempt interest.

Alternative Minimum Tax (AMT)

A method of computing tax under which some of the income and deductions reported on the forms and schedules filed with your tax return are figured differently or disallowed. For example, interest on certain tax-exempt bonds is taxable for the alternative minimum tax, certain itemized deductions are not allowed when figuring the alternative minimum tax, and the alternative minimum tax has its own exemption amount, not based on the number of exmptions claimed on your tax return. A taxpayer pays the larger of the "regular tax" or the alternative minimum tax. The alternative minimum tax is computed on Form 6251.
References in periodicals archive ?
"I am confident that this expansion of the AMTS fleet will lead to further success," he said, adding the development of AMTS is a demonstration of Aamal's ability to closely monitor market needs and hence find new sources of income.
Participants of the SMTS group needed a mean of four blocks (range: 3-6 blocks) in Phase 1 to reach the criterion, whereas the mean for participants of the AMTS group was 5.6 (range: 2-12 blocks).
An aircraft has a mechanical discrepancy and the man, or woman, you call is a skilled, trained aircraft maintenance technician (AMT).
We are very excited to join AMTS," says Rod Azadan, Owner of Validation Specialists.
By utilizing EPN after the application of topical drugs, the AMTS effectively delivers the drugs and the electroporation maximizes the cell's absorption of the drug by electro stimulating the micro-pores.
Louis, Washington DC and Raleigh-Durham were cited for having 100% of eligible AMTs achieve one of the five levels of awards: Bronze, Silver, Gold, Ruby and Diamond.
Tim Self, who originally founded AMTS in 1994, is stepping down as Chairman, but will continue as the Company Principal on the Board of Directors.
American Airlines, American Eagle and Texas Aero Engine Services Limited (TAESL), an affiliated engine repair facility, have qualified for the Federal Aviation Administration's Diamond Award for excellence in training their Aviation Maintenance Technicians (AMT).
Tenders are invited for CONSTRUCTION OF AMTS BUS TERMINUS AT LALDARWAJA, AHMEDABAD
Austin, TX, October 22, 2014 --(PR.com)-- AMTS, an Austin-based specialty engineering, procurement, and construction management (EPCM) firm today announced its completion of acquiring Dallas based L&L Maintenance Company and L&L Cleanroom Construction.
American Airlines, American Eagle and TAESL have each been awarded the FAA Diamond Award, the highest level of recognition under the US Federal Aviation Administration programme, for their commitment to safety through ongoing training of Aviation Maintenance Technicians (AMTs).
Silicor Materials, Inc., a manufacturer of high-quality solar silicon and aluminum by-products, today announced the signing of a contract with AM Technical Solutions (AMTS) a construction and project management and facility solutions firm for the high tech markets for the project management of Silicors first commercial-scale plant in Grundartangi, Iceland.